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Price cut: $150,000
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Bus / Bus w/Real Est · Ransom, IL
$439,900$589,900
beds · baths
119 N Lincoln Street, Ransom, IL, 60470
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

Central air
Make your dream a reality with this beautiful turn-key restaurant/bar. The possibilities are endless as you enter this facility. Not only will you be purchasing a property that has been well maintained, but you will also be getting a well-established business that has been in the same location for 52 years! With over 8200 sf of space, this facility features seating for over 250 people, 2 fully functioning bars, a large commercial kitchen, a short order grill, plenty of storage and cooler space, a separate banquet room and more than one storage room. All equipment is used every day and is maintained to operate properly. You will not find a facility in the area with the setup of this property. Multiple opportunities for catering, lunch deliveries, and large party reservations await you in this location. The location is also near a regularly utilized National Guard Training facility and a Power Plant, which employs numerous individuals. Business meetings, holiday parties, wedding receptions, or any other celebration you can think of, is possible at Jerry's Tap! In addition to the restaurant/bar areas, this building also features a 2 bed, 1 bath apartment upstairs that can be utilized for rental income or your own use. Properties like this don't come around very often. Schedule your showing today before it's too late!
— the listing agent’s description

The home

Lot .025
Bus / Bus w/Real Est

What it’ll cost

$5,913 taxes / yr
No HOA
Listed $589,900
Now $439,900
455 days on dwello

Estimated monthly payment

$2,960/mo
Principal & interest$2,339
Property taxes$493
Homeowners insurance$128
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Estimate only — not a loan offer. Example rate; taxes and insurance estimated; your actual rate, payment, taxes, and insurance will vary. dwello is not a lender. Equal Housing Opportunity.
Tour it with a real dwello agent
The agent who meets you here is an actual dwello Home Group team member who knows these streets — not a stranger who bought your name from a portal. You get straight answers on the spot, and the same person stays with you through closing.
On our team, vettedYour info is never soldWith you through closing

Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
Schedule a tour
455 days on dwello
Price history
Price reduced
Oct 15, 2025
↓ $150,000$439,900
Listed for sale
Jan 28, 2025
$589,900
Now $150,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$5,913/yr
From county records — verify with the assessor.

Features

Central Air
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Ryan Rich · R.E. Dynamics
Listing last updated Apr 27, 2026 · data refreshed from the MLS Jun 17, 2026, 6:13 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:13 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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